3 March 2025 Global Futures Index - Hang Seng

 HONG KONG STOCK INDEX (HSI)

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Hang Seng

The Hang Seng tumbled 777 points or 3.3% to end at 22,941 on Friday, falling for the second day after the US put a 10% tariff on Chinese imports, adding to the 10% levy imposed on February 4 and bringing the total to 20%.

In response, China vowed to take all "necessary" countermeasures, further escalating tensions between the two nations. Markets extended their pullback from a three-year top, down 2.3% weekly, as broad-based losses hit all sectors.

The tech index sank 5.3% after Nvidia’s disappointing earnings, prompting profit-taking in stocks such as Horizon Robotics (-14.0%), Sunny Optical Tech. (-8.3%), Meituan (-6.7%), and Tencent Hlds (-3.5%).

Property, financials, and consumers also fell sharply, weighed down by concerns over China's official PMI data due for release Saturday. Still, the benchmark index surged 13.4% in February, marking its third monthly rise, on optimism that China’s Two Sessions gathering next week will roll out new policy measures to boost economic recovery.

(News Source: Tradingeconomics)

Plan A: Long only if market retraced but supported firm above 22,894. Targets are 23,043/23,250. Take reasonable stop loss for each trade. 

Plan B: Short if market rebounded but resilient to 23,254. Targets are 23,047/22,782. Take reasonable stop loss for each trade. 

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